Learn how to get the American Opportunity Tax and Lifetime Learning credits in 2025. Get eligibility info, income limits, and ...

Tax credits are subtracted directly from the tax you owe, helping you cut down your overall tax bill. Tax deductions also ...

For example, up to 40% (or $1,000) of the maximum $2,500 for the American Opportunity Tax Credit can be put toward your tax refund if your tax liability hits $0. Note: The best tax software will ...

Some relevant tax credits for first-time filers include the American Opportunity tax credit and the Earned Income credit.

For those who have college-aged children, the American Opportunity Tax Credit (AOTC) can provide a credit of up to $2,500 per dependent. "This credit is available for the first four years of ...